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The battered oil price continues its relentless downward spiral, this week falling to just over US$30 a barrel, the lowest close in 12 years. In the US, the cause of the supply glut, inventories are at 80 year highs. Before prices recover, oil production needs to fall substantially and oil inventories must be drawn down. Lower prices have sparked higher consumption but there is still an awful lot of oil about.

For producers, this means an extended downturn is likely. For diversified businesses, those with strong balance sheets or low costs, this will mean pain in the short or medium...

Hi Guys, Just received a letter from TAP's Thai partner and it reads poorly with respect to the current Boards performance. The 7 Bullet points under the heading "Facts About Our TAP Shares " suggests they have squandered opportunities and funds w...

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